Registered number: 1767461 Charity number: 292754
ENTOSA LIMITED (A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
ENTOSA LIMITED (A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Company, its Trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 - 7 |
| Notes to the financial statements | 8 - 13 |
ENTOSA LIMITED (A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2023
| Trustees | Benjamin Sydney Stroh, Director/Trustee |
|---|---|
| Bernard Dov Stroh, Director/Trustee | |
| Edward Stroh, Director/Trustee | |
| Eva Schiffer, Trustee | |
| Company registered number 1767461 Charity registered number 292754 Registered office 34 Braydon Road London N16 6QB Accountants Wolffe Accountancy Services Limited 34 Braydon Road London N16 6QB |
Page 1
ENTOSA LIMITED (A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023
The Trustees present their annual report together with the financial statements of the Company for the 1 October 2022 to 30 September 2023. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
Policies and objectives
The Charity/Company was established for (1) the advancement of religion in accordance with the Orthodox Jewish Faith. (2) the relief of poverty and; (3) for such other purposes as are recognised by English Law as charitable.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Achievements and performance
Review of activities
The charity held an investment property from which rental income was received and shares in private and quoted companies. The donations received were from companies owned or controlled by the Directors/Trustees. The subsidiary was engaged in property investment. In the opinion of the Trustees the assets are available and adequate to fulfil the obligations of the charity.
Financial review
Reserves policy
The reserves of £1,026,393 (2022: £923,802) represent fixed assets and funds not yet distributed.
Structure, governance and management
Constitution
Entosa Limited is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
Page 2
ENTOSA LIMITED (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023
Structure, governance and management (continued)
Methods of appointment or election of Trustees
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 27 June 2024 and signed on their behalf by:
Benjamin Sydney Stroh Director/Trustee
Page 3
ENTOSA LIMITED (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023
Independent examiner's report to the Trustees of Entosa Limited ('the Company')
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 30 September 2023.
Responsibilities and basis of report
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Dated: 27 June 2024
D Wolffe FCCA
34 Braydon Road London N16 6QB
Page 4
ENTOSA LIMITED (A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2023
| Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Charitable activities 5 Other expenditure 6 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2023 £ 124,100 110 124,210 21,520 99 21,619 102,591 923,802 102,591 1,026,393 |
Total funds 2023 £ 124,100 110 124,210 21,520 99 21,619 102,591 923,802 102,591 1,026,393 |
Total funds 2022 £ 7,212 7 |
|---|---|---|---|
| 7,219 | |||
| 6,062 97 |
|||
| 6,159 | |||
| 1,060 | |||
| 922,742 1,060 |
|||
| 923,802 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 13 form part of these financial statements.
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(A company limited by guarantee) REGISTERED NUMBER: 1767461
ENTOSA LIMITED
BALANCE SHEET AS AT 30 SEPTEMBER 2023
| Note Fixed assets Tangible assets 7 Investments 8 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current liabilities Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds Unrestricted funds Total funds |
31,518 31,518 (146,968) |
2023 £ 70,000 1,071,844 1,141,844 (115,450) 1,026,394 1,026,394 1,026,394 - 1,026,394 1,026,394 |
52,525 52,525 (270,567) |
2022 £ 70,000 1,071,844 1,141,844 (218,042) 923,802 923,802 923,802 - 923,802 923,802 |
|---|---|---|---|---|
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 27 June 2024 and signed on their behalf by:
Page 6
ENTOSA LIMITED (A company limited by guarantee) REGISTERED NUMBER: 1767461
BALANCE SHEET (CONTINUED) AS AT 30 SEPTEMBER 2023
Benjamin Sydney Stroh Director/Trustee
The notes on pages 8 to 13 form part of these financial statements.
Page 7
ENTOSA LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
1. General information
Entosa Ltd was established for the advancement of religion in accordance with the Orthodox Jewish Faith, and for the relief of poverty.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Entosa Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
2.3 Expenditure
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
2.4 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.5 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
3. Income from donations and legacies
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2023 | 2023 | |
| £ | £ | |
| Donations | 124,100 | 124,100 |
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ENTOSA LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
3. Income from donations and legacies (continued)
| Unrestricted funds 2022 £ Donations 7,212 4. Investment income Unrestricted funds 2023 £ Bank interest received 110 Unrestricted funds 2022 £ Bank interest received 7 |
Total funds 2022 £ 7,212 |
|---|---|
| Total funds 2023 £ 110 |
|
| Total funds 2022 £ 7 |
5. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2023 £ Accountancy fees 200 Independant examiners fees 300 Professional fees 19,506 Insurance 1,514 21,520 |
Total 2023 £ 200 300 19,506 1,514 |
|---|---|
| 21,520 |
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ENTOSA LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
5. Analysis of expenditure on charitable activities (continued)
Summary by fund type (continued)
| Unrestricted funds 2022 £ Accountancy fees 200 Independant examiners fees 300 Professional fees 4,565 Insurance 997 6,062 6. Other expenditure Unrestricted funds 2023 £ Bank charges 99 Unrestricted funds 2022 £ Bank charges 97 7. Tangible fixed assets Cost or valuation At 1 October 2022 At 30 September 2023 |
Total 2022 £ 200 300 4,565 997 |
|---|---|
| 6,062 | |
| Total funds 2023 £ 99 |
|
| Total funds 2022 £ 97 |
|
| Freehold property £ 70,000 |
|
| 70,000 |
Page 10
ENTOSA LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
7. Tangible fixed assets (continued)
| Net book value At 30 September 2023 At 30 September 2022 8. Fixed asset investments Cost or valuation At 1 October 2022 At 30 September 2023 Net book value At 30 September 2023 At 30 September 2022 |
Freehold property £ 70,000 |
|---|---|
| 70,000 | |
| Investments in subsidiary companies £ 1,071,844 |
|
| 1,071,844 | |
| 1,071,844 | |
| 1,071,844 |
Principal subsidiaries
The following was a subsidiary undertaking of the Company:
| Name | Company | Registered office or principal | Principal activity |
|---|---|---|---|
| number | place of business | ||
| Casaclanca Investments Ltd | 00814245 | 34 Braydon Road, London N16 | Property investment |
| 6QB | and rental |
Page 11
ENTOSA LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
8. Fixed asset investments (continued)
Class of Holding Included in shares consolidation
Ordinary 100% Yes
The financial results of the subsidiary for the year were:
| Name Income £ Expenditure £ Profit/(Loss) / Surplus/ (Deficit) for the year £ Casaclanca Investments Ltd 45,264 (41,811) 3,453 9. Creditors: Amounts falling due within one year 2023 £ Amounts owed to associates 119,300 Other creditors 22,110 Accruals and deferred income 5,558 146,968 |
Net assets £ 409,201 2022 £ 243,400 22,110 5,057 |
|---|---|
| 270,567 |
10. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2023 £ Tangible fixed assets 70,000 Fixed asset investments 1,071,844 Current assets 31,518 Creditors due within one year (146,968) Total 1,026,394 |
Total funds 2023 £ 70,000 1,071,844 31,518 (146,968) |
|---|---|
| 1,026,394 |
Page 12
ENTOSA LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
10. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2022 £ 70,000 1,071,844 52,526 (270,567) 923,803 |
Total funds 2022 £ 70,000 1,071,844 52,526 (270,567) 923,803 |
|---|---|---|
11. Related party transactions
The Company is controlled by members of the Stroh family. As at the year-end Grey Eagle Properties Ltd, Oakway Properties Ltd, Sun House Ltd, Wingmore Investments Ltd, Bagnalai Property Co Ltd and Great House (Buildings) Ltd (companies with a common director) were owed £119,300 (2022:- £243,400) and a Director £22,110 (2022 - £22,110). These did not incur interest and were payable by mutual consent. None of these amounts were secured.
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